On March 20, the Sichuan Provincial Branch of the People's Bank of China disclosed an administrative penalty, revealing that LUZHOU BANK was issued a warning, a reprimand, and fined 4.1746 million yuan due to multiple violations. Additionally, ten relevant responsible individuals at the bank were also penalized.

Eight specific violations were exposed. According to the public penalty information, LUZHOU BANK's illegal activities were primarily concentrated in areas including anti-money laundering, account management, and credit information collection. Specifically, the bank was involved in a total of eight violations.

Penalties were also applied to ten individuals. A notable aspect of this penalty is that it was not solely directed at the bank institution; the regulatory authorities also implemented a "dual penalty system," holding ten directly responsible individuals accountable. The fines for these individuals ranged from 10,000 yuan to 85,000 yuan. Among them, Yuan Mouhong, Yang Mou, and Zhao Mou were each fined 85,000 yuan for their direct responsibility in failures related to customer identity verification and the reporting of large or suspicious transactions. Furthermore, several employees from the Operations Management Department, Credit Approval Department, and the Gulin Sub-branch were fined between 10,000 yuan and 20,000 yuan for violations associated with their respective roles.

LUZHOU BANK was established in September 1997 and is a state-owned enterprise under the jurisdiction of Luzhou City. Its major shareholders include Luzhou Laojiao Group, Sichuan Jiale Enterprise Group, and the Luzhou Municipal Finance Bureau, with state-owned shares accounting for 51.35%. The bank was listed on the Main Board of the Hong Kong Stock Exchange in 2018, becoming the first listed bank from a prefecture-level city in Western China.

According to the latest 2025 operational data, LUZHOU BANK achieved revenue of 3.573 billion yuan in the first three quarters, representing a year-on-year decrease of 2.64%. However, its net profit reached 1.268 billion yuan, marking a year-on-year increase of 18.50%. As of the end of September 2025, the bank's total assets stood at 194.074 billion yuan, placing it just steps away from the 200-billion-yuan tier for city commercial banks. Regarding asset quality, the non-performing loan ratio slightly increased from 1.18% in the first half of the year to 1.29%, while the loan loss provision coverage ratio remained high at 411.53%.

The overall operational data remains quite robust, which is undoubtedly linked to the stability of LUZHOU BANK's management team. However, President Liu may be nearing retirement. Recently, the Luzhou Municipal Committee Organization Department published a pre-appointment public notice for cadres. Wang Chong, the current Vice President of LUZHOU BANK and President of its Chengdu Branch, has been proposed for a senior leadership position in a municipal state-owned enterprise. Public information shows that Wang Chong was born in May 1985, holds an in-service postgraduate degree, and has over 18 years of experience in the banking industry, with a career spanning major state-owned banks and listed city commercial banks.

Chairman You Jiang has a regulatory background, having previously worked within the systems of the People's Bank of China and the former China Banking Regulatory Commission. He has held positions such as Deputy Director and Director of the Ziyang Supervision Sub-bureau, and Director of the Nanchong Supervision Sub-bureau. He has served as Chairman of LUZHOU BANK since December 2014, a tenure exceeding ten years. During his leadership, he oversaw the bank's 2018 listing in Hong Kong.

President Liu Shirong was born in 1966 and holds a technical secondary school diploma. He joined LUZHOU BANK at its establishment in 1997, making him a founding figure of the bank. Starting as acting Deputy Head of the Tongda Sub-branch, he has held various roles including Sub-branch Head, Head of the Credit Management Department, Head of the General Office, and Vice President. He received regulatory approval and officially assumed the role of President in June 2022.